ALLE vs MHO: Correlation
Measured on weekly returns over the past three years, Allegion (ALLE) and M/I Homes, Inc. (MHO) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLE and MHO?
Across a 3-year window, the weekly returns of ALLE and MHO correlate at 0.61, strong. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 562.3 %².
By 3-year correlation, MHO places #10 of the 33 assets tracked against ALLE. Over the last 12 months MHO came out ahead by 9.8 percentage points (-6.4% against +3.4%). Risk is not evenly split, since MHO carries 1.6 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ALLE vs MHO: side by side
| ALLE (Allegion) | MHO (M/I Homes, Inc.) | |
|---|---|---|
| 1-year return | -6.4% | +3.4% |
| 5-year return | +19.4% | +131.4% |
| Volatility (ann.) | 24.3% | 38.2% |
| Beta vs S&P 500 | 0.60 | 0.92 |
| Max drawdown (3Y) | -29.8% | -40.6% |
| Market cap | $13.6B | $3.8B |
| P/E (trailing) | 21.0 | 12.8 |
| Dividend yield | 1.32% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ALLE | MHO |
|---|---|---|
| 2022 | -19.3% | -25.7% |
| 2023 | +22.3% | +198.3% |
| 2024 | +4.7% | -3.5% |
| 2025 | +22.8% | -3.8% |
| 2026 | +1.1% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and MHO good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALLE and MHO?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.53 over the last year and 0.61 over 5 years.
Is MHO a good diversifier for ALLE?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alle-vs-mho.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alle-vs-mho/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALLE correlations · MHO correlations
